Topic: Does implementing a tax on a gambling platform really help a country? - page 4. (Read 1321 times)
June 23, 2021, 06:09:53 PM
Tax is the government income and it is what keeps the government operating. Gambling taxes contributes a lot to the government fund since there are a lot of gamblers who are addicted in casinos. The only problem is if the government is really using the funds properly as we know corruption is rampant.
June 23, 2021, 05:48:42 PM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
The casino gives that money to corrupt officials as protection money from the tax officials that come to them.
June 23, 2021, 06:24:58 AM
I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
I come from a poor sector and the majority of us here are relying on a free health system that is being sustained by gambling taxes, so yes a gambling platform can help the government and the sector they are supporting, it's a big help and it's a win-win situation between the two, that is why there are a lot of laws here that support the gambling sectors.
June 23, 2021, 05:22:10 PM
I agree that money is the root of all evil but that will depend on how we can treat money. As long as the officials know that they must not corrupt the money instead of taking care of the money for all people's good in their country, they will not corrupt. But all of them are just humans who can get tempt by the power of money. That money will benefit all people because we can see that the government can use that money from the tax to solve and give better things to their people. We can revenge on them by not voting them, but when they already on that "hot chairs," they will do anything to make sure they will be back to hold their position.
I have been part of politics a bit of my life, been in some positions (very minor local stuff) and reached to a good level where I didn't have much power but I did had a chance to actually profit from it over everyone else (heard about some land getting the permit for a building way before anyone else, so I could have bought some plots and became super rich by now) and did not take it, I also got huge offers from other political parties to lead their parties local place in my town as well, that would have allowed me to retire before age of 40 if I took it, still did not take it.I am not going to say I am a great person for not taking any of those deals, because when I didn't, I know someone else did, I actually know that they did, I know them in person, yet I know I am just not that great, why? Because I am happy financially so I didn't need to take it, I have a great job that I love doing and that is enough for me, I do not need to, but someone who is in financial distress? You would be 100% moron not to take those deals.
June 23, 2021, 02:29:50 PM
I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
I come from a poor sector and the majority of us here are relying on a free health system that is being sustained by gambling taxes, so yes a gambling platform can help the government and the sector they are supporting, it's a big help and it's a win-win situation between the two, that is why there are a lot of laws here that support the gambling sectors.
June 23, 2021, 09:52:08 AM
If the taxes are put in the right places and no one is lining their pockets with the public funds collected from these taxes then it is really helpful for a country.
Obviously, taxes would not help if the government officials are corrupt, any taxes, not only limited to gambling taxes can be corrupted by anyone who has the power. However, since we are talking about the overall effect of taxes from casinos, we should understand that it really helps a lot to improve the economy. Actually, it should not be asked because once a casino or gambling platform legally operates, it's automatic that they'll pay taxes as that's their responsibility.
June 23, 2021, 09:03:23 AM
If the taxes are put in the right places and no one is lining their pockets with the public funds collected from these taxes then it is really helpful for a country.
June 23, 2021, 08:01:22 AM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
The casino gives that money to corrupt officials as protection money from the tax officials that come to them.
Money is root of all evil so expect those trash politicians to think stealing the country funds if they find opportunity to do it, But if the funds will really be used for something useful provably we can see more develop country and the funds gotten from gambling is truly useful since for sure tax from casino is huge. Although its not good to give the tax to corrupt officials but we should obey what the law says maybe they can steal from now but w can actually revenge by not voting them on next election.
June 23, 2021, 05:57:02 AM
I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
Giving them legal status and facilities to run business requires tax payments in return similar to other businesses.Gambling taxation is not a bad thing if proper rules and tax percentage is set for them.They must not be under capital gain tax as 30-40% tax on each winning.For example you can set 10-15% tax on total profits of casino and that would not be problem for any house.Use that tax for economic benefits not to fulfill your personal bank accounts and still making obstacles for gambling casino which is bad thing. Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
June 23, 2021, 05:27:02 AM
In general, I agree that this problem exists, but this is a separate problem and it is hardly correct to discuss the need to pay taxes with the existence of corrupt officials. I think most people imagine an ideal state without them and with enterprises that honestly pay fair taxes.
We can really make out such comparison in between countries that those who do have corrupt officials and to those who dont have.You would see on how progressive it is and you would see on how its still underdeveloped into those officials who havent applied those taxes well.
Its true that tax is the bloodline of an economy and if its been used and applied well into things which are supposed to be used
then you would really be seeing improvement and that would really be beneficial into its citizens.
Accordingly, I do not see what controversial issues remain in the topic, the truth is that corruption must be eradicated everywhere. Taxes are an unpleasant thing, but necessary for the functioning and development of society. Gambling, like any business, should be taxed
June 23, 2021, 04:43:13 AM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
The casino gives that money to corrupt officials as protection money from the tax officials that come to them.
Money is root of all evil so expect those trash politicians to think stealing the country funds if they find opportunity to do it, But if the funds will really be used for something useful provably we can see more develop country and the funds gotten from gambling is truly useful since for sure tax from casino is huge. Although its not good to give the tax to corrupt officials but we should obey what the law says maybe they can steal from now but w can actually revenge by not voting them on next election.
June 23, 2021, 02:00:29 AM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
The casino gives that money to corrupt officials as protection money from the tax officials that come to them.
June 23, 2021, 01:37:26 AM
Yes, perhaps there is always a hidden tax in gambling business. It is an area of business that has always had links with people of dubious reputation and, in some cases like Las Vegas, the links with criminal groups has been clearly established. Even nowadays there is a link with the government an the practices that are allowed there are not allowed in other parts. I call this a hidden tax because at the end of the day this money will end up in the hands of the officials and eventually back into the economy by means of their purchases.
I think this also exists in other businesses. It is more like a bribe to keep that business establishment continue operating and be protected by government officials or any powerful authorities. If they fail to give those "hidden taxes" then they would face some violation resulting in their business to close. These hidden taxes are what make these corrupt officials and authorities become rich, their salary is just a small chunk of money compared to what they receive.
June 22, 2021, 06:18:59 PM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
Yes, perhaps there is always a hidden tax in gambling business. It is an area of business that has always had links with people of dubious reputation and, in some cases like Las Vegas, the links with criminal groups has been clearly established. Even nowadays there is a link with the government an the practices that are allowed there are not allowed in other parts. I call this a hidden tax because at the end of the day this money will end up in the hands of the officials and eventually back into the economy by means of their purchases.
June 22, 2021, 05:54:26 PM
We know that corrupt officials are in many countries and it is hard to eradicate because it happened a long time ago. Even if their clean officials want to eradicate it, it will not be easy because they must face officials who have a big power to control the other corrupt officials. But we should share the optimism that someday, the corrupt officials can take care of the tax and distribute it to the right place. And yes, the gambling business really gives big money to the country, so the country can grow and build many facilitates for the country and the people.
Corrupt officials will continue to exist. They are good at hiding themselves especially to the people and how they're making rounds inside the government is unknown by the others. Well, there's this case that I've read that instead of the casinos registering to their government, they're only giving under the table money so that they can continue to exist and operate, corruption at its finest for real.
June 22, 2021, 05:32:38 PM
[snip]
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Well, in my own --perhaps there are pros and cons on the gambling site that pay tax. the pros is can help in economic growth and the cons will perhaps be increasing of being addicted to gambling. Usually, the tax rate will depend on the amount that he will generate on it on the gambling, even plyer will be deducted 24% up to more will be subjected to income tax withholding. I am also even not an expert on this taxing method but as far as I understand they should be entitled to pay taxes. Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
June 22, 2021, 04:43:53 PM
Well said. Tax is really necessary to help build a better country and I think businesses like gambling casinos who are earning huge through their business has a responsibility to pay tax. It was like giving back for what they had, actually not only the businesses but every citizen who are earning above minimum are mandated to do so.
The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
In general, I agree that this problem exists, but this is a separate problem and it is hardly correct to discuss the need to pay taxes with the existence of corrupt officials. I think most people imagine an ideal state without them and with enterprises that honestly pay fair taxes.
You would see on how progressive it is and you would see on how its still underdeveloped into those officials who havent applied those taxes well.
Its true that tax is the bloodline of an economy and if its been used and applied well into things which are supposed to be used
then you would really be seeing improvement and that would really be beneficial into its citizens.
June 22, 2021, 04:31:32 PM
Well said. Tax is really necessary to help build a better country and I think businesses like gambling casinos who are earning huge through their business has a responsibility to pay tax. It was like giving back for what they had, actually not only the businesses but every citizen who are earning above minimum are mandated to do so.
The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
In general, I agree that this problem exists, but this is a separate problem and it is hardly correct to discuss the need to pay taxes with the existence of corrupt officials. I think most people imagine an ideal state without them and with enterprises that honestly pay fair taxes.
June 22, 2021, 09:58:17 AM
I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
Any kind of taxes will always good for the government, the primary function of the government is to provide function and serve orderliness to a country, they cannot do that if they will not impose taxes and taxes coming from casinos will be a big help to any government because they are one of the biggest business in the planet, they are a multi-billion dollar industry and they can even sustain a country, just look at Macau. Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
June 22, 2021, 01:17:13 PM
~snip
Well said. Tax is really necessary to help build a better country and I think businesses like gambling casinos who are earning huge through their business has a responsibility to pay tax. It was like giving back for what they had, actually not only the businesses but every citizen who are earning above minimum are mandated to do so.The only problem is (like what you also said) is the corrupt officials. If the money is in their hand they tend to be greedy and keep it for their own sake, though not all officials are acting like that.
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